TradedVC

Legora, a Swedish legal-tech startup founded by Max Junestrand, Sigge Labor and August Erséus, is in talks to raise at least $300M at an $8.5B pre-money valuation. The potential round would come just five months after its $600M Series D at a $5.6B valuation and follows a surge in ARR to more than $200M, as Legora’s AI software automates legal research, contract review and document drafting. FOUNDERS: Max Junestrand, Sigge Labor & August Erséus AMOUNT: $300,000,000 VALUATION: $8,500,000,000 HQ: Stockholm, Sweden #VentureCapital #Legora #MaxJunestrand #TradedVC

Basecamp Research, a London-based AI biotech led by CEO Glen Gowers, raised $140 million in Series C funding led by S32, with participation from Anthropic’s Anthology Fund, Catalio Capital Management, European Tech Collective, Firebrand River Capital, Inception Fund, King Philanthropies, NATO Innovation Fund, NVIDIA, PostScriptum, Redalpine, The Rockefeller Foundation, Singular, Sovereign AI, and True Ventures. The company will use the funding to expand operations and development of its therapeutic-design platform, which combines biological foundation models with DNA-writing technology for cell therapies, gene therapies, enzyme design, and target discovery. FOUNDERS: Glen Gowers & Oliver Vince INVESTORS: S32, Anthropic’s Anthology Fund, Catalio Capital Management, European Tech Collective, Firebrand River Capital, Inception Fund, King Philanthropies, NATO Innovation Fund, NVIDIA, PostScriptum, Redalpine, The Rockefeller Foundation, Singular, Sovereign AI & True Ventures ROUND: Series C AMOUNT: $140,000,000 HQ: London, United Kingdom #VentureCapital #BasecampResearch #GlenGowers #OliverVince #TradedVC

Tekever, the Portuguese-British AI drone maker, raised $580 million at a $6.4 billion valuation in a round led by University of California Investments and Baillie Gifford, with participation from Merlyn Advisors, Crescent Cove, Ventura Capital and Iberis Capital. Founder and CEO Ricardo Mendes said the company will use the funding to expand internationally, scale its industrial and technology capabilities, and accelerate acquisitions; Tekever says its drones have logged more than 50,000 operational flight hours in Ukraine since 2022. FOUNDER: Ricardo Mendes INVESTORS: University of California Investments, Baillie Gifford, Merlyn Advisors, Crescent Cove, Ventura Capital & Iberis Capital AMOUNT: $580,000,000 VALUATION: $6,400,000,000 HQ: Lisbon, Portugal #VentureCapital #Tekever #RicardoMendes #TradedVC

Snorkel AI, an AI data company, raised $350 million in Series E funding at a $3.5 billion valuation, nearly triple its $1.3 billion valuation from its Series D 17 months earlier. The round was led by Insight Partners and S32, with participation from Addition, Lightspeed, Greylock, GV and Wells Fargo, while co-founder and CEO Alex Ratner launched the company commercially in 2019 after four years of research at Stanford. FOUNDER: Alex Ratner INVESTORS: Insight Partners, S32, Addition, Lightspeed, Greylock, GV, Wells Fargo ROUND: Series E AMOUNT: $350,000,000 VALUATION: $3,500,000,000 HQ: Redwood City, California #VentureCapital #SnorkelAI #AlexRatner #InsightPartners #TradedVC

Covenant, a Washington, D.C.-based defense company building the Anthem long-range precision strike weapon, has emerged from stealth with more than $250 million raised. The round was led by Andreessen Horowitz’s American Dynamism alongside Founders Fund, with Lux, 8VC, Aleph, Lightspeed and Altimeter Capital also participating. Co-Founder and CEO Michael Kaufman leads the company, which recently opened production facilities in Dallas and Germany. FOUNDERS: Michael Kaufman & Ofir Dayan INVESTORS: Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph, Lightspeed & Altimeter Capital TOTAL RAISED: $250,000,000 HQ: Washington, District of Columbia #VentureCapital #Covenant #MichaelKaufman #AndreessenHorowitz #TradedVC